Type of Grantmaker

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Background

Established in 1986 in MA - Founded by Sumner M. Redstone, the Executive Chairman and majority owner of CBS Broadcasting Inc., Viacom Networks, and National Amusements, Inc., which in turn owns Music Television (MTV) Networks, Black Entertainment Television (BET), and Paramount Pictures. In 2007, Sumner M. Redstone announced a commitment of $105 million in charitable grants to fund research and patient care advancements in cancer and burn recovery at three major non-profit healthcare organizations. The cash contributions of $35 million each will be paid out over five years through the charitable foundation.

Purpose and Activities

Giving primarily for health organizations and medical research, particularly for research and patient care advancements in cancer and burn recovery.

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